And now, a paid endorsement for one of ACTV's competitors:
Wednesday May 26, 5:04 am Eastern Time
Company Press Release
Interactive Business
Channel Announces
Investment Opinion
The Smart Money is Buying Internet
Education: NYSE Listed Provident invests $3,000,000 in Cytation.com
(CYTA) and Business Week says Money Manager sees 7th-Street as
one of the best undervalued investments on the Internet and ''could
triple in 12 months''
IRVINE, Calif.--(BUSINESS WIRE)--May 26, 1999--
ibchannel.com reported today that the online education and
training niche is the next hot Internet stock sector to watch. Amazon.com
(Nasdaq:AMZN - news), Ebay (Nasdaq:EBAY - news) and Etoys
(Nasdaq:ETYS - news) will not be the last Internet companies to build
fortunes on defining new Internet industries. There is a tremendous
opportunity in the online distance learning market which is virtually
untapped. The most exciting news coming from market innovators
Cytation.com (OTCBB:CYTA - news) which provides turnkey distance
learning solutions and 7thStreet.com (Nasdaq:SEVL - news), a distance
learning web site.
Cytation.com has been selected by the Rhode Island Technology Council
to host, deliver, manage and provide the e-commerce back end for more
than 150 information technology courses offered by 7th Street.com
Incorporated (Nasdaq:SEVL - news), The World's Leading Provider of
Enhanced Learning and Communication Solutions. Tom Mulhearn,
executive director of the Technology Council, said,
''http://www.Cytation was a perfect choice to deliver 7th Street.com's
extensive catalog of IT content. RollCall provides us with the scalability
we need to expand our course offerings as the Council continues to
promote information technology development, education and networking
for its technology membership.''
According to a March 15 Business Week article entitled ''7thEyes Easy
Street'' -- The tiny Internet content provider known as 7thStreet.com
(SEVL) soon may become a Web standout. It provides advanced,
interactive, online training courses and tutorials -- complete with full
audio and graphics. The company is about to announce a pact with
America Online (NYSE:AOL - news) in which It will offer AOL users
more than 200 courses on such popular business applications as
Microsoft Office 95, as well as programming, networking, and Web use.
7thstreet.com has established relationships with major industry players
including CompuServe, Gateway (Nasdaq:GTWY - news), Geocities
(Nasdaq:YHOO - news), IBM (NYSE:IBM - news), Sun Helathcare
(Nasdaq:SHG - news), Digital river (Nasdaq:DRIV - news), Viagrafix
(Nasdaq:VIAX - news), Pinacor (Nasdaq:MICA - news), RealNetworks,
Ameritech (NYSE:AIT - news), Bellsouth (NYSE:BLS - news), and
Prodigy (Nasdaq:PRGY - news).
About Cytation.com
Cytation.com is a provider of Internet training and related services and
competes in the $85 billion a year US training market. The company's
principal service is RollCall(TM), a proprietary online, browser-based,
enterprise-wide training management operating system that enables
students to enroll and take, training managers to administer, and
instructors to teach -- courses over the Internet or on intranets.
Cytation.com is a provider of Internet training services to corporate,
university and government markets. The company's principal service is
RollCall(TM), a proprietary online, browser-based, enterprise-wide
training management operating system that enables distance learning
courses to be delivered over the Internet or on intranets.
Cytation.com Milestones
-- Cytation.com has received a $3,000,000 equity investment from
Provident Life and Accident Insurance Company, a leading provider
of income protection products with annual revenues in excess of $4
billion and assets of $23 billion and is included in S & P 500
Stock Market Index.
-- Cytation.com retains Michael Hren as its vice of business
development. Mr. Hren was formerly Business Development Manager for
SUN MICROSYSTEMS, INC. (Nasdaq:SUNW - news), where he was responsible for
Sun's Education Services New England consulting practice. In this
capacity, Mr. Hren developed client and channel relationships for
services ranging from on-line skills assessment to a Java-based
Enterprise Learning System as well as managed all education and
training aspects of large scale Peoplesoft (Nasdaq:PSFT - news)
implementations for channel partners such as Ernst & Young, LLP.
-- Cytation.com Inc. entered into a development and resale
agreement with OutReach Technologies that will enable Cytation.com
to integrate Outreach's live telephony hardware with version 2.0 of
RollCall. Trainers or moderators of any conference call can see and
control callers real time over the Internet using any standard
browser while collaborating and sharing documents. Kevin High,
President of Cytation.com, said, "Outreach's technology adds live
Web-based training to our robust Internet based training management
system using standard phone lines while simultaneously streaming
live and recording the event for future playback to users over the
Internet. Cytation.com's RollCall customers will now be able to
combine high quality telephony in real time with standard plugins
from RealNetworks RealAudio (Nasdaq:RNWK - news) or Microsoft's NetShow
(Nasdaq:MSFT - news)."
-- Cytation.com recently entered into a one year contract with
American Power Conversion (Nasdaq:APCC - news) to facilitate the online
certification of APC products for resellers. Lori Ronan, APC's
Corporate Training Manager, said, "Cytation.com's online training
management services allowed our online training site to be up and
running on the Internet in days. Cytation.com's expertise in the
online management and tracking of training through RollCall(TM)
allowed me to concentrate on developing training content while
Cytation delivered and tracked it over the Internet."
Nancy Gleason, Cytation.com's vice president of marketing, said,
"This is our fifth contract with American Power Conversion this
fiscal year to deliver online training services through RollCall.
By using RollCall, APC has established itself as a leader in the
delivery of corporate training over the Internet."
-- Cytation.com entered into a contract with WebEd, Inc. to
provide online services that register, deliver and track WebEd's
innovative Internet-based continuing education courses. WebEd is
chartered to provide accredited, high-quality continuing education
courses over the Internet. WebEd's course content is developed
through its faculty, academic and institutional affiliations with
more than 50 college and universities, including Harvard Medical
School, Arizona State University, University of Chicago, University
of Vermont, Middlebury College, University of Rhode Island and
University of Rochester Medical Center.
"Cytation.com's RollCall software is exactly the solution we were
seeking to provide the online delivery and management component for
our extensive course catalog and for comprehensive e-commerce
capabilities," said David Parker, WebEd's president and chief
executive officer. "We now have access in real time to all
electronically-maintained course records and can deliver
transcripts that fully meet continuing education audit
requirements."
-- Cytation.com Incorporated. recently entered into agreement with
RealWorld University to provide a range of online services,
including training management and e-commerce. Under the agreement,
RW University will use Cytation.com's RollCall(tm) Internet
training management system to handle e-commerce, enrollment and
secure discussion groups for an estimated 15,000 to 25,000
students. Realworld has won dozens of awards as an educational hot
site including being selected as a "Best Bet" on the USA Today
(NYSE:GCI - news) Education Web site (http://education.usatoday.com) in
March 1999.
There is a tremendous opportunity for assisting the scores of traditional
education companies realize new recurring revenue streams by offering
new distance learning courses. The education niche is currently being
represented by mostly brick and mortar companies including GP
Strategies (NYSE:GPX - news), Corinthian (Nasdaq:COCO - news),
Argosy (Nasdaq:ARGY - news), New Horizons (Nasdaq:NEWH -
news), Whitman Ed Grp (NYSE:WIX - news) Quest Education
(Nasdaq:QEDC - news), Sylvan Lrng Sys (Nasdaq:SLVN - news),
Apollo Group (Nasdaq:APOL - news), Itt Educational (NYSE:ESI -
news), Education Mgmt (Nasdaq:EDMC - news), Strayer Educ
(Nasdaq:STRA - news), Career Edu Corp (Nasdaq:CECO - news),
Bright Horizons (Nasdaq:BFAM - news), Childtime Learn
(Nasdaq:CTIM - news), Edutrek Intl (Nasdaq:EDUT - news), Caliber
Learnng (Nasdaq:CLBR - news), Computer Learng (Nasdaq:CLCX -
news), Prosoft I-Net (Nasdaq:POSO - news), Nobel Learning,
(Nasdaq:NLCI - news), And Learning Tree (Nasdaq:LTRE - news).
Legal Disclaimer -- Section 17b: IBC has been paid 40,000 shares of
common stock, 25,000 (144) restricted stock and 150,000 warrants in
Cytation.com and IBC may or buy or sell at any time. Forward-looking
statements in this release concerning trends or anticipated operating
results are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.
No mention, of course, of one of the leaders in this field - ACTV. But at least it's nice to know that " the online education and
training niche is the next hot Internet stock sector to watch." |
